There are still no investors who want to buy a residential area in Tallinn called Kopli lines, but the city doesn't want to reduce the price. The city of Tallinn has been trying to sell this depressive northwestern districts for renovation since the mid-2013. And now, according to ee24.com, a new tender was declared on tallinn.ee. Proposals will be accepted until 18 November, and the price for the 82 lots will remain €1.5 million.
At the end of March 2014 the British Ransomeґs Trading Holding Company Ltd unexpectedly refused to buy land in the capital of Estonia. Vice-Mayor of Tallinn Echo Võrk hopes that this time "investors will be more interested in buying this promising territory."
On the website of Tallinn developers can familiarize themselves with the layout and with all the information about the object. Out of the 17 hectares, 6 hectares are available for the construction of housing, and 11 hectares - for the construction of public buildings and infrastructure. More than five hundred apartments and 38 private homes may appear in the new development.